PIDG commitments by infrastructure sector

PIDG commitments (excluding TAF) by sector 2016 ($m)

PIDG

2016

PIDG commitments (excluding TAF) by sector cumulative ($m)

PIDG

2002-16

PIDG commitments are the amounts which PIDG – through its companies – has committed to the projects in which it is, or has been, involved. These amounts are recognised at the point of commitment which, for TAF, DevCo InfraCo Africa and InfraCo Asia Development, is considerably earlier than financial close.

The PIDG model means that revenues from loan interest, guarantee fees, investment income, and sales proceeds are recycled into new projects. For this reason PIDG has been able to make cumulative commitments of $2.74bn to projects since its inception, on the basis of $1.3bn of PIDG member disbursements.

A key requirement for all PIDG investments is that they are financially additional – it does not get involved in a project unless it is fulfilling a purpose which would not be provided otherwise. In this way, PIDG ensures that it is bringing in private sector investment, rather than crowding it out.

PIDG operates across a range of infrastructure sectors, although energy generation, telecoms, and transport account for more than 80% of overall commitments. Of the 35 new projects (excluding TAF grants) committed to in 2016, 21 are in the energy sector – spread evenly between early-stage project development, debt finance, and capacity-building and advisory services.